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Gofish Corporation |
..ratu.....I appreciate much of your commentary....
I do want to point out something very clearly though.....when dealing
with firms of this type...especially OTCBB....you are by definition
opening yourself up to dealing with the lowest common denominator out
there. However, in terms of the NASDAQ listing, I think you are
obsessing with a form over substance argument.
You WANT to be traded on the NASDAQ, because it implies [in fact
requires] strict and regulated standards, it requires the profile of a
firm that is an ongoing concern, and, to the layman, it argues that
the firm is closely being monitored by "big brother".
What struck me about the GOFH guys is that they are approaching the
set-up of this business by the book. They are dealing with all
established players on the Street and in the PE community, including
legal counsel, so as a result, they may not look as rosy as some
others, BUT you can be sure that the likelihood of what you are seeing
is closer to reality than some other "creative" financial types out
there.
You can look at this new cash infusion as cutting both ways....the
terms suggest something lower than the rosy predictions, but you are
offered an arms-length/third party assessment of the company that has
been disclosed publicly......it really is not so bad [unless you paid
$6.10 a share several months ago].
So, what now? I would focus on future revenue streams...in other
words...look at the advertising on the site....if you see a lot of
"passion.com" then head for the hills. If you see legitimate
companies willing to put their established reputations on the line to
be listed next to GOFH content, then that is a positions sign.
Let's get the Bolt acquisition completed and move on....
Disclaimer: do not consider this commentary as a solicitation to buy
or sell securities. Do not rely on any of the opinions discussed
here. You cannot substitute these opinions for your own independent
research.